LondonA $1.1 trillion manager tokenizes emerging-market bonds on Solana.

Tokenization now reaches debt tied to developing countries’ credit and currencies, not just cash-like funds.

Investors hold tokenized shares in a feeder fund that invests in Schroders’ Emerging Market Bond Fund, with Centrifuge running the infrastructure.

US rival Federated Hermes plans its first tokenized fund shares in early 2027.

How each outlet framed it
CoinDesk
places the Solana tokenization inside a $39bn tokenized-asset market where cash products still make up $14bn

Sources: CoinDesk